Question
The SAP Global Bike ERP system required several process steps to complete a sale transaction. Certain process steps automatically record transaction amounts to the general
The SAP Global Bike ERP system required several process steps to complete a sale transaction. Certain process steps automatically record transaction amounts to the general ledger. for the two situation below, identify the process step(s) that result in an entry to the general ledger (if the item is recorded in the general ledger more than once, you will choose more than one)
1. Cost of sales is recorded in the general ledger during the following process(es)
A. Create Sales order
B. Pick materials on delivery Note
C. Post Goods Issue
D. Create Invoice for customer
E. Post Receipt of customer payment
2. Accounts receivable is increased and/or decreased in the general ledger during the following processess
A. Create Sales order
B. Pick materials on Delivery Note
C. Post Goods Issue
D. Create Invoice for customer
E. Post Receipt of customer payment
3. Direct Deposit of Employee paychecks is one way an organization can improve efficiency and reduce payroll-processing costs. which statement regarding direct deposit is false?
A. Employees who are part of a direct deposit program receive an earnings statement on payday rather than a paper check.
B. The cashier authorizes the transfer of funds from the organization's checking account to a payroll checking account.
C. Employees who are part of a direct deposit program are not required to submit timecards.
D. Employees must notify the payroll department when they change bank accounts.
E. All of the above are true statements
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started